Brief: Gladstone Land Reports Progress On Renewing Leases On Its Farms

Gladstone Land

21/10/2019 19:17

Gladstone Land Corp  LAND.O :
    * GLADSTONE LAND REPORTS PROGRESS ON RENEWING LEASES ON ITS
FARMS
    * GLADSTONE LAND CORP - RENEWED LEASES ON TWO OF ITS LARGER
PROPERTIES THAT HAD LEASES ORIGINALLY SCHEDULED TO EXPIRE IN
2020
    * GLADSTONE LAND CORP - REVENUES FROM 2 PROPERTIES ACCOUNTED
FOR
APPROXIMATELY 47% OF COMPANY'S REMAINING 2020 LEASE EXPIRATIONS
    * GLADSTONE LAND - EXPECTS TO RECOGNIZE ABOUT $496,000 OF
ADDITIONAL NET INCOME/YEAR, ABOUT 14.7% MORE THAN PRIOR LEASES
ON 2 PROPERTIES AFTER RENEWAL

Source text for Eikon:  ID:nGNXbb0WgK 
Further company coverage:  LAND.O